Goodwin Represents Rethink on Platform Joint Venture With Temerity Strategic Partners to Support Up To $1.5 Billion of Healthcare Real Estate Acquisitions and Developments

The Real Estate team represented Rethink Healthcare Real Estate (Rethink) on the formation of a programmatic joint venture with Temerity Strategic Partners (TSP), a Chicago-based real estate private equity firm, to support the continued growth of Rethink’s leading medical office and outpatient healthcare real estate business. The partnership will support the acquisition and development of mission-critical healthcare real estate located on and off hospital campuses in demographically compelling markets across the United States. To kick off the partnership, Rethink and Temerity have acquired a portfolio of outpatient and rehabilitation facilities with a gross value of over $200 million, establishing a foundation for the growth of the venture. The partnership is expected to support approximately $1.5 billion of healthcare real estate acquisitions and developments.

Rethink Healthcare Real Estate is the healthcare real estate investment platform of Rethink Capital Partners, a national investment firm founded in 1981. Active in medical outpatient healthcare real estate since 1986, Rethink has acquired or developed more than 100 healthcare properties totaling approximately 7.3 million square feet across 21 states. The firm focuses on mission-critical, health system-aligned assets and operates an integrated platform encompassing acquisitions, project management, asset management, and property management. In addition to healthcare real estate, Rethink Capital Partners operates in multiple impact venture capital verticals.

The Goodwin team was led by Adam Kopald and Kerri Garipoli.

For more information on the deal, please read the press release.